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FTSE 250 movers: Metro Bank in the doghouse, Sirius Minerals soars

Thu, 09th May 2019 15:11

(Sharecast News) - London's FTSE 250 index was edged 1.09% lower to 19,318.44 in afternoon trade on Thursday, with Metro Bank once again coming in as the top faller.The challenger bank is the most shorted stock on the London market, with Reuters having reported last week that business customers had withdrawn deposits as investors appear to be betting that a slump sparked by an accounting error revealed in February will continue.William Hill and GVC Holdings were both trading lower after a new study in the British Medical Journal suggested there should be a mandatory tax on the gambling industry to treat addiction in the UK.The former also saw analysts at Goldman Sachs reiterate its 'neutral' rating, arguing that the rising regulatory burden on the industry may be here to stay."Moreover, with growing focus on ESG [environmental, social and governance] integration, we think online gaming companies' multiple could remain depressed, even if growth opportunities arise, unless they are able to more clearly demonstrate to investors that they are actively engaging with key ESG issues facing the sector," said analysts.Precious metals miner Polymetal and building materials manufacturer Ibstock both dropped lower as their stock went ex-dividend.Shares in engineer IMI fell after it said trading conditions in the first quarter remained mixed, but results for the year are expected to be in line with current market expectations.At the other end of the pitch, Sirius Minerals led the risers a day after analysts at Berenberg cut the stock's price target from 40p to 35p and warned that shareholders may face some dilution in the short term, but reiterated a 'buy' rating and stated that they remain positive on the fertiliser developer's longer-term credentials.Precious metals miner Acacia Mining also climbed after it reported a jump in April gold production, boosted by a 54% increase in output from its North Mara gold mine in Tanzania.Indivior, which makes opioid addiction treatment Suboxone, was on the rise after it entered into an exclusive license agreement with specialty pharmaceutical company HLS Therapeutics for the commercialisation rights to schizophrenia drug Perseris (risperidone) in Canada.Derwent London enjoyed a boost after it said demand for its properties was strong as rental income at the real estate investment trust increased.Finally, JD Wetherspoon recovered some ground from its Wednesday drop when it suffered after failing to upgrade earnings guidance amid increased costs, as Berenberg analysts defended the stock and said it had "the potential to convert its impressive top-line momentum into solid growth in earnings and free cash flow over the coming years".Market MoversFTSE 250 (MCX) 19,318.44 -1.09%FTSE 250 - RisersSirius Minerals (SXX) 17.36p 7.73%Acacia Mining (ACA) 150.10p 3.09%Indivior (INDV) 42.28p 2.75%Funding Circle Holdings (FCH) 232.00p 1.75%Avast (AVST) 313.20p 1.69%Derwent London (DLN) 3,242.00p 1.38%Hammerson (HMSO) 295.50p 1.30%Plus500 Ltd (DI) (PLUS) 556.60p 1.27%Wetherspoon (J.D.) (JDW) 1,301.00p 1.17%McCarthy & Stone (MCS) 134.50p 1.13%FTSE 250 - FallersMetro Bank (MTRO) 536.68p -9.04%William Hill (WMH) 140.90p -5.85%Aston Martin Lagonda Global Holdings (AML) 840.20p -5.52%Premier Oil (PMO) 86.30p -5.16%Polymetal International (POLY) 775.60p -4.72%IMI (IMI) 969.60p -4.38%Contour Global (GLO) 197.20p -3.80%Kaz Minerals (KAZ) 575.00p -3.72%Ibstock (IBST) 250.00p -3.70%GVC Holdings (GVC) 595.00p -3.66%
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8 Jan 2020 07:40

LONDON MARKET PRE-OPEN: Anglo Bids For Sirius; Sainsbury Sales Down

LONDON MARKET PRE-OPEN: Anglo Bids For Sirius; Sainsbury Sales Down

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8 Jan 2020 07:34

Anglo American confirms possible ?386m offer for Sirius Minerals

(Sharecast News) - Anglo American confirmed it is in advanced discussions with Sirius Minerals in relation to a possible offer, it said on Wednesday, at a value of 5.5p per Sirius share, in cash.

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11 Nov 2019 11:52

LONDON MARKET MIDDAY: Hong Kong Violence Unsettles Global Markets

LONDON MARKET MIDDAY: Hong Kong Violence Unsettles Global Markets

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11 Nov 2019 10:22

UK WINNERS & LOSERS SUMMARY: Greggs Surges 17% After Raising Guidance

UK WINNERS & LOSERS SUMMARY: Greggs Surges 17% After Raising Guidance

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11 Nov 2019 09:26

UPDATE 2-Rising HK tensions, trade angst knock FTSE; domestic shares rally

* FTSE 100 down 0.4%, FTSE 250 up 0.3%* Stocks vulnerable to Asia dive on Hong Kong tensions* Trade sentiment uncertain* Baker Greggs jumps after forecast upgrade* Election update lifts pound, domestic stocks (Adds news items, analyst comments, upda...

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11 Nov 2019 09:26

UPDATE 1-Rising HK tensions drag Asia-exposed UK stocks

* FTSE 100 down 0.6%, FTSE 250 down 0.2%* Baker Greggs jumps after forecast upgrade* Stocks vulnerable to Asia sink on Hong Kong tensions (Adds company news items, analyst comment, updates share moves)By Muvija M and Shashwat AwasthiNov 11 (Reuters)...

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11 Nov 2019 08:43

LONDON MARKET OPEN: Stocks Lower But Sirius Minerals And Greggs Gain

LONDON MARKET OPEN: Stocks Lower But Sirius Minerals And Greggs Gain

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11 Nov 2019 08:39

Sirius Minerals outlines two-stage development plan for North Yorkshire mine

(Sharecast News) - Fertiliser development firm Sirius Minerals unveiled plans for the two-stage development of its North Yorkshire polyhalite mine on Monday, with the group looking to secure $600m funding for the project's first stage.

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11 Nov 2019 08:19

Sirius Minerals Shares Surge After New Mine Development Plan Proposed

Sirius Minerals Shares Surge After New Mine Development Plan Proposed

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11 Nov 2019 08:01

LONDON BRIEFING: Sirius Minerals Takes Mine In Stages Amid Tight Cash

LONDON BRIEFING: Sirius Minerals Takes Mine In Stages Amid Tight Cash

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11 Nov 2019 07:36

LONDON MARKET PRE-OPEN: Greggs Upgrades 2019 Guidance; UK GDP In Focus

LONDON MARKET PRE-OPEN: Greggs Upgrades 2019 Guidance; UK GDP In Focus

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11 Oct 2019 13:31

Sirius Expands Qatar Involvement With New Distribution Deal

Sirius Expands Qatar Involvement With New Distribution Deal

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8 Oct 2019 08:43

PRESS: Sirius Minerals CEO Says Online Chat Forums Should Be Shut Down

PRESS: Sirius Minerals CEO Says Online Chat Forums Should Be Shut Down

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7 Oct 2019 07:47

Sirius Minerals cuts 300 jobs, seeks alternate funding

(Sharecast News) - Sirius Minerals will cut 300 jobs at its Woodsmith mine in North Yorkshire as it looks to cut costs and identify alternative methods for funding construction.

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2 Oct 2019 11:52

Wednesday broker round-up

(Sharecast News) - RDI REIT: Berenberg upgrades to buy with a target price of 140p.

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